Y ARDLEY EDUCA TIONAL FOUNDATION
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
CHARITY NUMBER 528918

YARDLEY EDUCATIONAL FOUNDATION
CONTENTS
Report of the Trustees
I to3
Independent Examiners Report to th¢ Trustees
Statement of Financial Activiti¢s
Balance Sheet
Notes to the Financial Statements
7t0 10

Y ARDLEY EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES - YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
REGISTERED CHARITY NUMBER
528918
TRUSTEES
Mr S O'Donnell
Mrs E Hayes
Councillor P Tilsley
Mrs P Wagg
Mr R Jones
Ms L O'shea
(Chairnian)
(Deputy Chair)
PRINCIPAL ADDRESS
PO Box 18605
Birniingham
B37 9ES
PRINCIPAL OFFICER
Clerk to the Trustees:
Mrs, K. Gri¢¢
BANKERS
Lloyds Bank pl
New Street
Birniingham
PROPERTY MANAGF.RS
John Shepherd Estate Agents
6 The Grand
33 Colmore Row
Birniingham
INDLPENDENT EXAMINER
Mrs. K. Jackson FCCA ACA
JW Hinks LLP
Chartered Accountants and
Statutory Auditor5
19 Highfield Road
Edgbaston
Birmingham
INVESTMEiYf ADVISORS
Brewin Dolphin Limited
9 Colmor¢ Row
Birniingham
(continued)

YARDLEY EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES (continued) - YEAR ENDED 31 MARCH 2024
The Trustees present iheir report along with the financial statements of the Charity for the year ended
31 March 2024. The financial statements have been prepared in ￿COrdanCe with the Statement of
Recommended Practice . Accounting and Reporting by Charities preparing their accounts in accordance
with the Financial Reporting Standard applic&ble in the UK and Republic of Ireland (FRS 102) issued on
16 July 2014 and th¢ Financial Reporting Stsndard applicable in the UK and Republic of Ireland
(FRS 102) and Th¢ Charities Act 2011.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Th¢ Charity is Constituted under a trust deed and is a registered charity.
The Governing Body is made up of twelve Trustees and at th¢ year end there were six appointed.
The Trustees who served during the year are set out on pag¢ one. The Trustees are appointed by the
Board of Trustees, Birmingham City Council, Governors of King Edward Vl School and lh¢ University
of Birniingham. Following appointment. new Trustees are introduced lo their new rol¢s and given copies
of the Trust Deed and a guide to policies and procedures adopted by the Charity.
The Foundation &ppreciales the contributions made by individual Trustees whose sUPPOrt is manifested
by their regular attendance at meetings and whose ¢oncern for the welfare of so many young people with
different edu¢ational needs is so important.
ORIECTIVES AND ACTIVITIES
The obj¢¢t of the Foundation is to help individual Children between the ages of eleven and sixteen and
young adults 80in8 into further education between sixteen and nin¢l¢en. The recipients of the grants
should have resided in Ihe Ancient Parish of Yai'dley for not less than two years and be of low income.
The Clerk to the Truste¢s has close liaison with the Second8ry S¢hools throughout the Ancient Parish and
is in constant touch with them lo ascertain their needs.
When planning activities for the year. the Trustees have considered the Charity Commissions guidance
oli public benefit.
RISK POLICY
The Trustees are conscious of the risks of fraud in administering the grants to deserving needy in the
Ancient Parish of Yardley. Close liaison with the schools whose students receive grants has proved
&dvantag¢ou5 in this respect and cases of fallacioiis Claims have been exposed. Continuing vigilance in
Ihis eonnection is essential. In addition. contact with the retail suppliers is essential in order to monitor
Ihe accounts received for payment.
ACHIEVEMENTS, PERFORMANCE AIYD FINANCIAL REVIEW
The total funds of the Charity now amount to £4,958,042. Investments had unrealised gxins on
revaluation for the year Amounting to £186,437. Property iiicome has slightly increased this year
£65,439 was received. Incom¢ from quoted inveslments was £128,594, this b¢ing up on the previous
year by £7,381.
(conlinued)

YARDLEY EDUCATIONAL FOLfNDATION
REPORT OF THE TRUSTEES (continued) - YEAR ENDED 31 MARCH 2024
There have been no changes in the objectives. organisation or policies since the last report. The financial
statements comply with current statutory requirements and the Charity's governing documents.
During the year 2721 applications for grants were received. Total grants for Education paid amounted to
£199,692 for clothing. sports equipmenL book vouchers and school trips and apprentices.
Th¢ Trustees consider that all activities undertaken by the Charity in th¢ year provides benefit both t
those who directly benefit from each activity and the wider community of Yardley.
INVESTMENTS
Portfolio Purpose and Investment Pollcy
The inveslment portfolio represents long term assets. the purpose of which is to generate income and
Capilal gro￿t￿ lo fund charitable activities and to maintain the r¢al value. The Trustees employ
professional investment managers, Brewin Dolphin. to manage the portfolio subject to reslri¢tions and
risk Controls contained in the Inv¢slm¢nt Policy Statement. Brewin Dolphin report to Trustees regularly
and the Investment Policy Sialcmenl is reviewed on 8 periodic basis.
The Trustees wish to ensur¢ that they invest in a responsible way and so the Investment Policy Statement
contains an ethical investment policy. This policy seeks to exclud¢ those investments which are contrary
lo the value and eth05 of the organisation such as Armamenls, Tobacco, Online Gaming and
Irresponsible Lendin8.
The Trustees also expect Brewin Dolphin to consider ESG (Environm¢ntal. Social and Governance)
factors in Ih¢ir m8nagement of the portfolio.
RESERVES POLICY
The level of reserves held is in line wilh the Trustees policy of building funds sufficient to improve, add
to and increase the facilities held for charitable purposes and to generate suffici¢nt income to be able to
make 81.ants available.
FIXED ASSETS
Movements in fixed assets are disclo$ed in notes 5 and 6 of the accounts,
INDEPENDENT EXAMINER
JW Hinks LLP have expressed their willingness to continue in office as Independent Examiner and a
r¢solution lo re-appoint them will be proposed at the forthcoming Annual General Me¢ling.
Signed on behalf of the Trust¢¢s
Mr S O'Donnell
Chairman
15 October 2024

YARDLEY EDUCATIONAL FOLfNDATION
tNDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES
I r¢port to the charity trustees on my examination of the accounts of the charity for the year ended
31 March 2024 whi¢h are set out on pages 5 Eo l O.
Responsibilities and ba513 of report
As the charity's trustees you are responsible for the preparation of the accounts in accordanc¢ with the
requirements of the Charities Act 2011 ('Ihe Act.).
I report in respect of my examination of the charity's accounts carried out under section 145 of th¢
Act and in Ca￿]ng out my examination I have followed all the applicable dI￿tionS given by the
Charity Commission under seclion 145(5){b) of the Act.
Independent ex&miner'8 stfdtement
have completed my examinatiOT]. I confirni that no material matters have com¢ to my attention in
connection with the examination giving me cause to believe ihat in any material resp￿¢.
accounting records wer¢ not kept in respect of the charity as required by section 130 of the
the 8¢¢ounls do not comply with the applicable requirements concerning the forni and content
of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirem¢nl that the accounts give a 'lru¢ and fair view. which is not a matLer eonsidered as
part of an independeni examination.
I have no concerns and h&v¢ Come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
K J8¢kson FCCA ACA
JW Hinks LLP
Chartered Ac¢ountants and
ststutory Auditors
19 Highfield Road
Edgbaston
Birniin8ham
B153BH
15 October 2024

YARDLEY EDUCATIONAL FOUNDATION
STATEMENT OF FfNANCIAL ACTIVITIES - YEAR ENDED 31 MARCH 2024
Total
Unrestricted Restricted funds
funds
funds
Total
funds
2023
2024
INCOMING RESOURCES
Investment income-.
Rent receivable
Dividends and interest
Beques1
Notes
65,439
128.594
5,000
65,439
128,594
5,000
64,320
121,213
TOTAL INCOMING RESOURCES
199,033
199.033
185,533
RESOURCES EXPENDED
Cost of 8enerating funds
28.431
28,431
31,010
Charitable Activities..
School scholarships, grants for clothing,
book vouchers and donations
Apprenticeships
199.692
4.701
199.692
4,701
259,631
4,171
204,393
204,393
263,802
Dir¢ct and Support Costs:
Administrative and genernl expenses
29,022
29,022
29.488
TOTAL RESOURCES EXPENDED
261,846
261,846
324,300
LYET OUTGOING RESOURCES
Before other recognised gains and losses
(62,813)
(62.813)
(138,767)
GAINS ON INVESTMENTS
Realised (loss)/gains on investments
Unrealised (loss)18ains on investments
Realised 88Ln on investment properties
2,238
186,437
70.000
2,238
186,437
70.000
(22,166)
(255,654)
NET MOVEME￿ IN FUNDS
(62,813) 258,675
195.862
(416,587)
BALANCES BROUGHf FORWARD
83,441 4.678.739 4,762,180
5,178.767
BALANCES CARRIED FORWARD
20,628 4,937,414 4,958,042
4.762,180
All of the above results are derived from continuing a¢tivitie5. All gains and losses recogrtis¢d in the
year are included above.
The notes ort pages 7 to l O forni part of these financial 5tstem¢nts.

Y ARDLEY EDUCATIONAL FOUNDATION
BALANCE SHEET - 31 MARCH 2024
2024
2023
Notc
FIXED ASSETS
Tangible assets..
Investment properti¢s
Investments
1,275.000
3.512.178
1.205,000
3,474,469
4,787.178
4,679.469
CURREiYf ASSETS
Debtors
Cash at bank and in hand
38,811
146,655
49,559
43.128
185,466
92,687
CREDITORS: AMOUNTS FALLIY4G
DUE WITHIN ONE YEAR
14.602
9.976
NET CURRENT ASSETS
170.864
82,711
TOTAL ASSETS LESS CURRENT
LIABILITIES
£4,958,042
£4,762.180
RESERVES
R¢$trict¢d funds
Unrestricted funds
4,937,414
20,628
4,678,739
83,441
£4,958,042
4,762.180
The notes on pages 7 to l O forni part of these financial slatements.
These financial statements were approved by the Trustees and signed on their behalf by:
O'Donntll
Chairman
Mr5 E HAyes
Trustee
15 October 2024

YARDLEY EDUCATIONAL FOLfNDATION
NOTES TO THE FtNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
PRINCIPAL ACCOUNTING POLICIES
The following ac¢ounting policies have been applied consistently in dealin8 Wlth item5 which are
considered material in relation to the Charity's financial statements.
(A)
Basis of preparing the financial gtstements
The financial statements have been prepared under the historical cost convention with items
recognised al cost or transaction value unless othenvise slaied in the relevant nolels) to these
accounls. The financial statements hav¢ been prepared in accordance with the Statement of
Re¢omm¢nded Practice
Accounting flnd Reporting by Charities preparing th¢ir accounts in
accordance with the Financial R¢pot1ing Standard applicabl¢ in the UK and Republic or Ireland
{FRS 102) issued on 16 July 2014 and the Financial Reportiiig Standard applicable in the United
Kin8dom and Republic of Ireland (FRS 102) and the Charities Act 2011.
(b)
Accumulated funds represent the following:
Restricted funds..
Funds subject to specific conditions that musl be complied with. These
funds originate from the initiBI endowment policy.
Funds that are availabl¢ for any charitable use in accordance with the
Scheme rules.
Unrestricted funds:
{c)
Ineoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the
Charity is legally enlitlcd to the income and th¢ amount can be quanlified with reasonable
curacy.
Both Rental and Investment income are accounied for in the period in which the Charity is
entitled ￿ receipt.
(d)
Regouree8 expended
Expenditure is ac¢ounled for on an accruals basis and has been classified under headirkgs that
88gre8ate all costs relating to the category.
Costs of generating ￿ndS comprise those costs directly attributable to mana8in8 the property and
investment portfolio and raisin8 investment income.
Grants payable are charged in the year wh¢n the offer is conveyed to the recipient.
Direct and sUPPQrt costs are accounted for on an accrnals basis. The cost of irrecoverable Value
Added Tax is included within the items of expense to which it relat¢s.
(e)
Investment properties
Inv¢5tTnenl properties are included in the Balance Sheet &t their open market value. Depreciation
is provided on these investmenl properties which are leasehold and where the unexpired lease
terni is less than 20 years. Any gains or loss on revaluation 15 taken to the Statement of Financial
Activities.
(fj
Investments in quoted 5ecuri¢ie5
Fixed asset investments in the forni of marketable securities are staled at c105in8 mid-market
value at the Bal8nce Sheet dale. Any gain or 105s on revaluation is taken to the Statement of
Financial Activities.
(continued)

YARDLEY EDUCATIONAL FOUNDATION
NOTES TO THE FtNANCIAL STATEMENTS (continued) - YEAR ENDED 31 MARCH 2024
SALARIES AND EXPENSES
The Charity had no employees in either year. The Trustees r¢r¢ivcd no remuneration in either
year. R¢-itnbursemenl of expenses totalling £
were paid in the year.
COST OF GENERATING FUIYDS
2024
2023
Managing Agents fee
Portfolio Management fee
9,871
18,560
1.963
19.047
£28,431
£31,010
ADMINISTRATIVE AND GENERAL EXPENSES
Clerk's fees. expenses and posta8C
Independent Examiii¢r's fees
Property repairs
Hcating. lightin8 and Council Tax
Insurance
Professional fecs
Sundries
Payments to Yardley Charities Estales Alm5houses'.
Annual payments under deierniination order
of 5 June 1908
18,843
3.750
3,640
16.520
3,630
5,343
23
1,822
1,689
81
1,955
454
380
380
£29,022
£29,488
TANGIBLE ASSETS
- INVESTMENT PROPERTIES
At valuation
At 31 March 2023
Addilions at cost
Revaluation
Less.. Disposals
1.205.000
1.205,000
70,000
At 31 Ma￿h 2024
£1,275,000
£1,205,000
Some of lh¢ Foundation's freehold properties were valued on 31 March 2024 by an independent
valuer, John Trusloye Chartered Surveyors and Valuers. The valuation was in accordance with
the requirements of the RICS Valuation - Global Standards 2020. The basis of value adopted is
the fair value.
There have been no special assumptions. special reservations, special instructions or departures
from the RICS valuation- Global Standards 2020.
The valuation of the invc5tm¢nt properties was on th¢ basis of their Market Value assuming they
would be sold subject to any tenAncies. The Market Values were primarily derived using
comparable recent market transactions on arn)'s length tern)s. The Trustees consider th¢ current
values to be nol less than that shown in the accounts.
(continued)

YARDLEY EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {COT]tinued) - YEAR ENDED 31 MARCH 2024
INVESTMENTS
2024
2023
Investments
£3,512.178
£3.474.469
Quoted investments
Market value at 31 March 2023
Add:
3,474,469
3.685,575
Additions at C05t
Less..
Disposal proceeds
Add..
Realised (lossesFgains
Unrealised (losses)18ains on revaluation
538,028
578,589
(688.994)
(511,875)
2,238
186,437
(22,166)
(255.654)
Market value at 31 March 2024
£3,512.178
£3.474,469
Cost at 31 March 2024
£3.107,206
£3,2(19.595
Unrealised gains included in valuation
at 31 March 2024
£404,972
£264,874
UK lisled investments are represented by..
UK Bonds and other fixed intercst securities
UK Equities
Non-UK Equities and Bonds
Overseas Bonds
Cash Product
577,415
544,501
1,961.231
373,801
55,230
467,767
649,617
1,911,384
396,601
49,100
Total
£3,512.178
£3,474,469
The market valuation at 31 March 2024 and 2023 is bas¢d on the Stock Exchang¢ Daily Official
List and wa5 valued by Brewin Dolphin Limited, Stockbrokers.
DEBTORS
Amounts falling due within one year..
Due from Stockbrokers
Due from Managing Agents
Debtors and prepayments
23.317
13.425
2,069
34,013
13.321
2,225
£38.81]
£49.559
(continu¢d)

YARDLEY EDUCATIONAL FOUNDATION
NOTES TO THE FtNANCIAL STATEMENTS (continued) - YEAR ENDED 31 MARCH 2024
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
2024
2023
Accrued expenseg
Rental income and insurnnce recharged in advance
9.750
4,852
5,130
4,846
£14.602
£9,976
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Net
current
855ets
Investment
properties
Investm¢nts
Total
Restricted fund5'.
Capital Fund
Unrestricl¢d funds..
A¢¢umulaled Income Fund
1.275,000
3.340.443
321,971
4,937.414
171.735
(151,107)
20,628
1,275.01)O
3,512,178
170,864
4,958.042
io.
TAXATION
Yardley Educational Foundation is a registered Charity and is exempt from liability to tsxalion
on ils income and capital gains which ar¢ used for charitable purposes.
ii.
ULTIMATE CONTROLLING PARTY
The Charity is controlled by the Board of Trustees as disclosed in the Report of the Trustees.
10